Market Overview:
The railway harness market is estimated at $2.36 billion in 2021. By 2026, growth of $1201 billion is expected. This corresponds to an average annual rate of 8.62% from 2021 to 2026. The main growth factors More and more new railways are growing in the market. Projects and growing demand for applications and advanced features in one go.
Recent developments:
Market value and expected growth:
Developed countries have launched plans to develop driverless train networks, which are expected to boost growth in the transport sector. Countries like China, India, South Korea, the United States, the United Kingdom, Mexico, Brazil, and South Africa want to revolutionize their rail networks with the introduction of trains without a driver. Rail manufacturers are expanding geographically by investing in infrastructure to produce trains without drivers. In developed regions, such as North America and Europe, railway safety and protection are improved by upgrading trains and replacing existing systems with advanced systems. This adaptation and the use of new trains without drivers require a lot of wiring, which creates a great opportunity for the growth of the market for railway cable harnesses. In the European region, for example, a new initiative called the Fourth Railway Package was launched to create a unique European railway area with structural and technical reforms. The railway harness market is expected to grow at a CAGR of 8.62% over the forecast period. The market was $2.36 billion in 2018 and is expected to reach $4.01 billion by 2023.
Market Drivers and Restrictions:
Rapid urbanization and sustained economic growth around the world are leading to increased investment in the rail and transit sectors to improve the quality of public transport. Governments of various Asia-Pacific countries, such as China, Singapore, Malaysia, and Thailand, are implementing new rail projects and improving and expanding their existing rail infrastructure to improve their general rail links. The introduction of high-speed rail transport (HSR) is increasing significantly as the number of passengers in HSR-operated countries increases and modes of transport is improved.
Increasing urbanization promotes the development of smart cities. Governments from different regions have begun to launch smart city projects to provide better infrastructures, services and accelerate operational activities in public and transport services (including railways and roads). For example, in 2016, the Indian government proposed 109 smart city projects in India's main cities. It is expected that the growing number of Smart City projects around the world will stimulate the growth of rolling stock and supporting infrastructure. The reason for this is that people in several countries prefer alternative means of transport, such as: As railway prefer, instead of traveling in heavy traffic with passenger vehicles.
Market Taxonomy:
By Application:
By Cable Type:
By Component:
By Material:
By Voltage:
By Train Type:
Key participants:
The ecosystem of the railway wiring harness market consists of manufacturers such as Furukawa (Japan), Leoni (Germany), Hitachi (Japan), Nexans (France), and Prysmian (Italy).
Highlights of the research report:
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Railway Wiring Harness Market, By Application
6.1.1 HVAC
6.1.2 Lighting Harness
6.1.3 Brake Harness
6.1.4 Traction System Harness
6.1.5 Engine Harness
6.1.6 Infotainment
6.1.7 Others
6.1.8 Market Size Estimations & Forecasts (2019-2024)
6.1.9 Y-o-Y Growth Rate Analysis
6.1.10 Market Attractiveness Index
6.2 Railway Wiring Harness Market, By Cable Type
6.2.1 Power Cable
6.2.2 Transmission Cable
6.2.3 Jumper Cable
6.2.4 Others
6.2.5 Market Size Estimations & Forecasts (2019-2024)
6.2.6 Y-o-Y Growth Rate Analysis
6.2.7 Market Attractiveness Index
6.3 Railway Wiring Harness Market, By Component
6.3.1 Wires
6.3.2 Connectors
6.3.3 Terminals
6.3.4 Others
6.3.5 Market Size Estimations & Forecasts (2019-2024)
6.3.6 Y-o-Y Growth Rate Analysis
6.3.7 Market Attractiveness Index
6.4 Railway Wiring Harness Market, By Material
6.4.1 Copper
6.4.2 Aluminum
6.4.3 Others
6.4.4 Market Size Estimations & Forecasts (2019-2024)
6.4.5 Y-o-Y Growth Rate Analysis
6.4.6 Market Attractiveness Index
6.5 Railway Wiring Harness Market, By Voltage
6.5.1 Low Voltage
6.5.2 Medium Voltage
6.5.3 High Voltage
6.5.4 Market Size Estimations & Forecasts (2019-2024)
6.5.5 Y-o-Y Growth Rate Analysis
6.5.6 Market Attractiveness Index
6.6 Railway Wiring Harness Market, By Train Type
6.6.1 Metro/Mono Rail
6.6.2 Light Rail
6.6.3 High-Speed Rail/Bullet Train
6.6.4 Market Size Estimations & Forecasts (2019-2024)
6.6.5 Y-o-Y Growth Rate Analysis
6.6.6 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Application
7.2.3 By Cable Type
7.2.4 By Component
7.2.5 By Material
7.2.6 By Voltage
7.2.7 By Train Type
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Application
7.3.3 By Cable Type
7.3.4 By Component
7.3.5 By Material
7.3.6 By Voltage
7.3.7 By Train Type
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Application
7.4.3 By Cable Type
7.4.4 By Component
7.4.5 By Material
7.4.6 By Voltage
7.4.7 By Train Type
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Application
7.5.3 By Cable Type
7.5.4 By Component
7.5.5 By Material
7.5.6 By Voltage
7.5.7 By Train Type
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Application
7.6.3 By Cable Type
7.6.4 By Component
7.6.5 By Material
7.6.6 By Voltage
7.6.7 By Train Type
8. Key Player Analysis
8.1 Furukawa
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Leoni
8.3 Hitachi
8.4 Nexans
8.5 Prysmian
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
